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FEC finally approves 2018 budget proposal

The Federal
Executive Council ‎has approved the draft of the 2018 budget proposal.

This was
made known on Thursday by the Minister of Budget and National Planning, Udo
Udoma, after the FEC meeting in Abuja, the nation’s capital.

Briefing
State House correspondents on the outcome of the meeting, Udoma said a date
would be fixed in liaison with the National Assembly for President Muhammadu
Buhari to submit the draft documents.

He said FEC
will liaise with the national assembly on when President Muhammadu Buhari will
submit the draft to the lawmakers.

“We did
promise that the budget will be ready in October and it will be ready in
October,” he said.

“We are
liaising with the national assembly because they have to approve the date for
the president to come and address them to submit the budget.

“Before now
we use to submit in December but now the budget is ready in October so there is
a very big difference,” he added.

The
minister, however, declined to reveal the details of the proposal, saying “it
is the president’s prerogative to submit the budget, submit the proposals and
give the details. I will be operating above my brief if I do that, the
constitution gives that authority to the president.”

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